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OTPP Winds Down European Airport Holdings Amid Strong 2024 Performance
Justin Lee
April 27, 2025
© Lucash / Wikipedia
In 2024, the Ontario Teachers’ Pension Plan (OTPP) began a major reconfiguration of its infrastructure strategy by divesting from key airport holdings in Europe. Managed through its subsidiary Ontario Airports Investments (OAIL), OTPP’s aviation portfolio had included stakes in five significant European airports: Copenhagen, Brussels, London City, Birmingham, and Bristol.
As global aviation recovered and matured infrastructure assets reached peak valuations, OTPP repositioned its capital toward other sectors, initiating one of the largest portfolio realignments in its recent history.
OTPP’s airport assets posted strong operational results in 2024, reflecting continued post-pandemic recovery in passenger volumes.
The standout was Copenhagen Airport, which handled nearly 30 million passengers—a 30% increase over its 2011 baseline. The airport benefitted from extensive capital improvements totalling DKK 18 billion during OTPP’s 14-year tenure, including terminal expansions, new routes, and runway upgrades. Copenhagen now boasts over 321 direct destinations served by more than 60 airlines.
© Azchael / Wikipedia
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